Looks like the world's richest man is Egyptian president Hosni Mubarak. The Guardian estimates his fortune at 70 billion USD. Yes, with a big fat "B." Either the Egyptian civil service pays extremely well or this scumbag has been robbing his people blind for at least 30 years. No wonder he holds onto power like Gollum. (Mubarak evens looks a bit like him.)
President Hosni Mubarak's family fortune could be as much as $70bn (£43.5bn) according to analysis by Middle East experts, with much of his wealth in British and Swiss banks or tied up in real estate in London, New York, Los Angeles and along expensive tracts of the Red Sea coast. After 30 years as president and many more as a senior military official, Mubarak has had access to investment deals that have generated hundreds of millions of pounds in profits. Most of those gains have been taken offshore and deposited in secret bank accounts or invested in upmarket homes and hotels. According to a report last year in the Arabic newspaper Al Khabar, Mubarak has properties in Manhattan and exclusive Beverly Hills addresses on Rodeo Drive.
His sons, Gamal and Alaa, are also billionaires. (source: Mubarak family fortune could reach $70bn, say experts)
Last time I checked, Carlos Slim was estimated to be worth only $54 billion.
And the USA has been propping him up all these years.
Posted by: GG | February 05, 2011 at 01:56 PM
I expect there are many more billionaires who are out there but do not need or want their net worth part of media fodder machine. The Rothchilds, for example, are suspected of holding the largest fortune but you don't see them chit chatting with the press about it. I also suspect most billionaires are "not completely forthcoming" about "all" of their holdings. If they were, there would be no need for private banks and bearer bonds.
Posted by: Grant | March 13, 2011 at 03:29 PM